StockResearch
  • Home
  • Miller's Market Musings
  • Market Matrix Services
  • About
  • Contact
  • Subscribe

10/25/2011

It is refreshing when someone speaks the truth - even if they might not have meant to.

Read Now
 
For an interesting perspective on the real risk to our economy from over-regulation by a Congress that is run by lobbyists, read this interesting article on Google's Eric Schmidt's discussion of Washington politics.

Some highlights:

"So we get hauled in front of the Congress for developing a product that's free, that serves a billion people. OK? I mean, I don't know how to say it any clearer," Mr. Schmidt told the Post. "It's not like we raised prices. We could lower prices from free to . . . lower than free? You see what I'm saying?"

He contrasted innovation in Silicon Valley with innovation in Washington. "Now there are startups in Washington," he said, "founded by people who were policy makers. . . . They're very clever people, and they've figured out a way in regulation to discriminate, to find a new satellite spectrum or a new frequency or whatever. They immediately hired a whole bunch of lobbyists. They raised some money to do that. And they're trying to innovate through regulation. So that's what passes for innovation in Washington."

An interesting and quick read - and one you won't see again for awhile.

Share


Comments are closed.
Details
    Subscribe

    Archives

    March 2023
    October 2017
    September 2017
    August 2017
    June 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    December 2011
    November 2011
    October 2011

    Categories

    All
    Europe
    Eurozone
    Greece
    Italy
    Jobs
    Regulation

    RSS Feed

  • Home
  • Miller's Market Musings
  • Market Matrix Services
  • About
  • Contact
  • Subscribe